Warren Buffett says

“While investors and managers must place their feet in the future, their memories and nervous systems often remain plugged into the past.”

—Warren Buffett

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Quotes on Investing Warren Buffett on Investing

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“It’s not that I want money. It’s the fun of making money and watching it grow.”

—Warren Buffett

“Life is like a snowball. The important thing is finding wet snow and a really long hill.”

—Warren Buffett

“Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.”

—Warren Buffett

“If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.”

—Warren Buffett

“No business can continue to shrink. That can only go on for so long before irrelevancy sets in.”

“...not doing what we love in the name of greed is very poor management of our lives.”

—Warren Buffett

“Warren talks about these discounted cash flows. I’ve never seen him do one.”

—Charlie Munger

“For these investors, it would have been far better if Orville had failed to get off the ground at Kitty Hawk: The more the industry has grown, the worse the disaster for owners.”

—Warren Buffett

“I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings".”

—Charlie Munger

“You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.”

—Warren Buffett

“You know ... you keep doing the same things and you keep getting the same result over and over again.”

—Warren Buffett

“Never depend on single income. Make investment to create a second source.”

—Warren Buffett

“Intensity is the price of excellence.”

—Warren Buffett

“In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions.”

—Warren Buffett

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

—Warren Buffett